Presidential candidate RFK Jr. pledges to protect Bitcoin users’ rights, highlighting the growing importance of the cryptocurrency. Important Points U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has made a noteworthy pledge to safeguard the rights of Bitcoin users. In a recent statement, RFK Jr. vowed to protect and uphold every individual’s “right to use and hold bitcoin,” showcasing …
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HSBC enables customers to trade Bitcoin and Ether ETFs through its mobile apps, signaling growing acceptance of cryptocurrencies by a major banking institution. Key Points HSBC, one of the world’s largest banking institutions, has announced that its customers can now trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the Hong Kong stock exchange directly through the bank’s mobile …
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Key Points The CEO of Marathon Digital, Fred Thiel has sounded the alarm bells for Bitcoin miners, warning them of the mounting challenges that lie ahead. Thiel, a seasoned industry expert, believes that a range of factors including regulatory pressures, escalating energy costs, and the upcoming “halving” event, will make it increasingly difficult for miners to sustain their profitability. The …
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As per the reports, the utilization of Bitcoin and other cryptocurrencies for transactions is now prohibited in Bali, Indonesia. Bank Indonesia, the central bank of the nation, had already restricted the use of cryptocurrencies as a payment mechanism in 2021. The objective of the prohibition on Bitcoin payments in Bali is to discourage tourists from utilizing virtual currency to buy …
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MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
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The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
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Bhutan, a South Asian country recognized for its conservative financial practices and prioritization of Gross National Happiness, has garnered attention for its foray into the world of cryptocurrency. The Bhutanese government has invested in multiple cryptocurrencies, such as Ethereum, Dogecoin, and Bitcoin, with the total amount of investment undisclosed. ‘ Reaction to this Move Bhutan’s decision to invest in cryptocurrencies …
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Bitcoin experienced a significant surge on Tuesday, surpassing the $30,000 mark for the first time since June 2022. This notable increase was attributed to market expectations of a more lenient Federal Reserve in the coming months, as well as an overall improvement in sentiment for the crypto space. Bitcoin Breaks $30k At the time of writing this article, the world’s …
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The crypto winter of 2022 has not deterred trading on the DBS Exchange, as the platform has seen an impressive 80% surge in Bitcoin trading. The Singapore-based exchange, which is owned by DBS Bank, has managed to remain resilient amidst the market volatility, continuing to attract users and volume. Factors behind the success of DBS Exchange The exchange’s success can …
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Coin Cloud, a leading Bitcoin ATM operator, has filed for bankruptcy with liabilities estimated between $100 million and $500 million. This sudden turn of events has come as a shock to the cryptocurrency community and raises questions about the stability of the industry. Founding and growth as a leading Bitcoin ATM operator Coin Cloud was founded in 2014 and has …
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